Overall music streaming was down by 1% last week. Music industry executives hoped that the coronavirus quarantines might buoy music streaming activity with so much of the population isolated indoors.
So far, the opposite has occurred. The industry saw a dip in music streaming -- down by 1% to 25.3 billion streams from 25.55 billion streams -- along with even bigger drops in physical sales.
It would appear that the longer people stayed out of the office, the less music they consumed. In the week ending March 12, album consumption units were down 1.6% to 14.6 million units from 14.8 million units.
The decline worsened the following week, ending March 19, with overall album consumption units down a whopping 12.3% to 12.76 million units, and